Green Plains Partners (NASDAQ:GPP) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.33.
Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. Zacks Investment Research lowered shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine lowered shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus raised shares of Green Plains Partners from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, February 9th.
Green Plains Partners traded up $0.05, hitting $16.80, during mid-day trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 26,430 shares, compared to its average volume of 58,918. Green Plains Partners has a fifty-two week low of $16.65 and a fifty-two week high of $16.75. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of -2.12. The firm has a market capitalization of $532.83 million, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.60 and a beta of 0.68.
Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Monday, May 7th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.07). Green Plains Partners had a negative return on equity of 89.44% and a net margin of 54.20%. The business had revenue of $25.89 million during the quarter, compared to analyst estimates of $27.73 million. research analysts expect that Green Plains Partners will post 1.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Stockholders of record on Friday, May 4th were issued a dividend of $0.475 per share. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, May 3rd. This represents a $1.90 annualized dividend and a dividend yield of 11.31%. Green Plains Partners’s dividend payout ratio (DPR) is presently 104.97%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Green Plains Partners by 22.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 33,076 shares of the transportation company’s stock worth $619,000 after buying an additional 6,073 shares in the last quarter. Ardsley Advisory Partners acquired a new stake in shares of Green Plains Partners during the fourth quarter worth approximately $1,400,000. Mondrian Investment Partners LTD increased its holdings in shares of Green Plains Partners by 11.7% during the fourth quarter. Mondrian Investment Partners LTD now owns 200,552 shares of the transportation company’s stock worth $3,750,000 after buying an additional 20,956 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Green Plains Partners during the fourth quarter worth approximately $312,000. Finally, SNS Financial Group LLC increased its holdings in shares of Green Plains Partners by 30.8% during the fourth quarter. SNS Financial Group LLC now owns 353,113 shares of the transportation company’s stock worth $6,603,000 after buying an additional 83,113 shares in the last quarter. 46.00% of the stock is owned by institutional investors.
Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.
Receive News & Ratings for Green Plains Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Partners and related companies with MarketBeat.com's FREE daily email newsletter.